Monday 23 September 2019
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business-standard - 12 days ago

Tax offences, failure to pay TDS up to Rs 25L not be prosecuted by taxman

Instances of wilful attempt to evade tax, failure to furnish return of income and not remitting TDS in the government exchequer up to the limit of Rs 25 lakh will not be ordinarily filed for criminal prosecution before a court by the taxman, a latest CBDT circular said. The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings. A September 9 CBDT circular accessed by PTI said prosecution is a criminal proceeding based upon evidence gathered and the offence of tax evasion has to be proven beyond reasonable doubt . To ensure that only deserving cases get prosecuted , the Central Board of Direct Taxes has laid down the new criteria, it said. Cases where non-payment of tax deducted at source (TDS) is Rs 25 lakh or below and the delay in deposit is less than 60 days from the due date, shall not be processed for prosecution in normal circumstances. In case of exceptional instances like habitual defaulters, based on .

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